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As you continue through this article, well use the LawVu legal workspace as an example and explore how it delivers unique value and efficiency for in-house legal teams as well as operational excellence. By comparison with other offerings on the market, a workspace approach delivers unparalleled operational efficiency and ROI.
In the fast-paced world of enterprise business, in-house legal teams juggle overflowing inboxes and a constant stream of legal requests in a variety forms across a plethora of departments and systems. With everyone trying to do more with less, the need for efficiency and scalable processes is paramount.
In the fast-paced world of enterprise business, in-house legal teams juggle overflowing inboxes and a constant stream of legal requests in a variety forms across a plethora of departments and systems. With everyone trying to do more with less, the need for efficiency and scalable processes is paramount.
In the fast-paced world of enterprise business, in-house legal teams juggle overflowing inboxes and a constant stream of legal requests in a variety forms across a plethora of departments and systems. With everyone trying to do more with less, the need for efficiency and scalable processes is paramount.
LawVu’s awards reflect their unwavering customer obsession, innovation and challenging of the status quo across product development, experience design, implementation, API integrations and customer support. “This recognition is a testament to the hard work and dedication of our team and the trust that our clients place in us.
Traditional methods of contract management often employ a patchwork of spreadsheets, emails, and manual processes to track and manage contracts – and this can lead to missed deadlines, compliance risks, and lack of visibility into the status and progression of contracts. But it’s imperative that they choose the right solution.
With all that bouncing between systems and duplicated effort, it’s no wonder process and collaboration feel hard and unproductive. Cue the LawVu legal workspace , designed specifically for in-house legal teams and the way they work with the wider business. Our latest updates make legal requests a breeze. It’s a win-win-win!
Workflows progress a contract through phases, sending the document to individual approvers or teams sequentially based on the relevant data fields you have in LawVu, such as contract value, region, department and more. The ability to quickly view the status and full history of approvals for each contract.
But here’s the good news – in-house teams who use spend management and e-billing solutions in the LawVu legal workspace can now leverage enhanced invoice approval automation to save valuable time and significantly improve legal operations. The ability to quickly view the status and full history of approvals for each invoice.
Overall, by using systems already in play, there are arguably fewer tools to implement and adopt and less spend coming out of the legal department. Lost time equals legal waste As we started to unpack earlier, there’s also the inefficiency or ‘legal waste’ teams experience when relying on multiple systems.
Luckily, there’s a better way to manage accruals, with LawVu’s new accruals management feature – the latest in a series of high value feature enhancements to augment spend management capabilities in the LawVu legal workspace. A quick primer on legal accruals management Accruals are your unbilled estimated spend.
As AI becomes a mainstay of legal work, the reality is that our legal tech buying decisions now have a more significant impact than ever, on everything from internal systems of work, customers, and stakeholders to long-term reputation and business outcomes. This will include having tools for repeated testing, validation and monitoring.
Contract lifecycle status Having a dashboard which provides a picture of your work at every stage of the contract lifecycle at any given time is a valuable resource. In order to collate a complete dataset which offers meaningful insights, you may well find yourself having to compile information across multiple systems.
What’s more, sending, receiving, and comparing responses from multiple providers within a single system saves much needed time on admin. However, according to Gartner , very few in-house investments into outside legal spend management extend to internal work, with most teams lacking even a basic intake system.
What’s more, sending, receiving, and comparing responses from multiple providers within a single system saves much needed time on admin. However, according to Gartner , very few in-house investments into outside legal spend management extend to internal work, with most teams lacking even a basic intake system.
I knew we needed to change but the status quo seemed easier The team had their own familiar processes and we were quite set in our ways. Every day you spend using inefficient systems is another day you’re losing time, increasing risk and hindering your team’s productivity. It was chaotic. It was inefficient. It was risky!
How a global corporate legal team mastered matter management with LawVu Mastering matter management is critical for corporate legal teams today. Step 2: Choose the right solution for your team When Bobs team set out to find a dedicated matter management system, they skipped the lengthy RFP process.
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